FIT. The Company has secured a procurement price of 36 Japanese yen per kwh (exclusive of consumption tax) and there is no reason that the Company will be rendered unable to receive such full benefit for the 20 year period after the Commercial Operation Date.
FIT. The suitability or readiness of a product for a particular application, including environmental extremes, marginal parameters, physical and signal compatibility with interfacing systems and surroundings, level of performance, safety margins, reliability, maintainability, and install ability.
FIT. Feed-in-Tariff. The Feed in Tariff is an environmental programme aimed at promoting the widespread uptake of a range of small scale low carbon electricity generation technologies. The FIT scheme requires certain Licensed Electricity Suppliers to pay fixed tariffs to micro and small renewable and micro CHP generators for electricity generated and exported to the local electricity network.
FIT. (a) The procurement period and feed-in-tariff of each Project under the FIT Act is as set forth in the relevant Part of Schedule 1 (Projects). There are no grounds or, to the Knowledge of the Seller, reasonable expectation of any grounds, for modification or cancellation of such procurement period or feed-in-tariff. Without limiting the generality of the foregoing, with respect to the Yatsubo Project and Orido Project only, to the Knowledge of the Seller, there are no grounds or reasonable expectation of any grounds for the relevant utility to require the relevant Transferring Company to resubmit an application for the grid connection for the relevant Project.
(b) The Business Plan for each Project has obtained accreditation from the Minister of Economy, Trade and Industry as set forth in Article 9 Paragraph 3 of the FIT Act (or is deemed to have obtained accreditation pursuant to Article 4 Paragraph 1 of the Supplementary Provisions for the 2016 Act to Amend FIT Act). Such accreditation is valid, and there are no grounds or, to the Knowledge of the Seller, any reasonable expectation of grounds, for the modification or rescission of such accreditation.
(c) All pending applications to METI for a change in the Business Plan of any Project are described in Schedule 1 (Projects), and no such change, if approved, could reasonably be expected to result in any modification or cancellation of the procurement period or feed-in-tariff for such Project.
(d) To the Knowledge of the Seller, no grounds for rescission of recognition, as set forth in each of the items in Article 15 of the FIT Act, exist with respect to any Business Plan Authorization.
(e) With respect to the Yatsubo Project and Orido Project only, the Seller has been informed orally by the relevant utility that the grid connection date is expected to occur in February 2023.
FIT. Contractor may assign referrals or re-refer Clients to achieve a good Client/counselor fit.
FIT. Any sale under this Clause shall be valid and effective notwithstanding that the Holder holding the Units sold is dead, bankrupt or otherwise under any legal disability or incapacity.
FIT. For separate accounts, both those associated with general account accumulation products and SIA stand alone contracts, profit margins earned by TNE net of investment advisory fees and expenses replaced the interest margin above. A pre-tax net gain factor for each historical calendar year was calculated for each general account product (or separate account fund). The appropriate pre-tax net gain factor for each historical calendar year was then applied to the appropriate average general account or separate account fund balance for each contract. The pre-tax net gains were then accumulated with interest as described in Section II, and taxed accordingly at historical marginal tax rates to determine the historical AC as of the Statement Date. The total general account historical AC for a given contract was the sum of the general account accumulation historical AC and the participating payout annuity historical AC (See Section VIII.E.). The total separate account historical AC for a given contract was calculated as the sum of historical AC generated from each separate account fund. The total historical AC for a given contract was calculated as the sum of the general account historical AC and the total separate account AC.
FIT. Designer shall be responsible for fitting all samples to standard size specifications.
FIT. 20.2.1 FIT is a charge to cover the cost of meeting our obligations under the FIT Order.
20.2.2 The Parties agree that FIT shall be charged and reconciled for each Reconciliation Period as follows:
20.2.2.1 you shall pay FIT Prepayments to us in respect of each month of the Reconciliation Period;
20.2.2.2 at the end of each Reconciliation Period, we shall carry out a reconciliation of the sum of the FIT Prepayments against the Revised FIT Charge in respect of such Reconciliation Period and the result of the calculation shall be the “FIT Reconciliation Value”;
20.2.2.3 the FIT Reconciliation Value shall be submitted in an invoice of Charges (issued in accordance with this Agreement) following its calculation by us;
20.2.2.4 where the FIT Reconciliation Value pursuant to 20.2.2.2 is calculated using a Revised FIT Charge based partly or wholly on an estimate, we will recalculate such FIT Reconciliation Value once Ofgem have made available the data required to establish the Final FIT Charge in respect of the relevant Reconciliation Period;
20.2.2.5 any resulting difference in the amount of a FIT Reconciliation Value calculated pursuant to 20.2.2.2 and recalculated pursuant to 20.2.2.4 will be submitted in an invoice of Charges (issued in accordance with this Agreement) following recalculation by us in accordance with 20.2.2.4.
20.2.3 We are entitled to recalculate the FIT Reconciliation Value in accordance with clauses 20.2.2.5 and/or 20.5 at any time during or after of the expiry the Term and you must pay any amount due to us accordingly.
FIT. The Landlord further reserves the right to vary, modify or relocate any part or parts of the Common Areas resulting from the construction of any buildings or works or otherwise.
